Fireworks start over $105,000
Hello!
Good news, Bitcoin is above $103,000 and tomorrow Saylor will announce a new purchase of Bitcoin from Microstrategy. He has been accumulating like crazy as if he was a no coiner. I don't know how big his announcement will be, but as he is buying Bitcoin OTC (Over the counter) the price never moves significantly.
With this level of demand I can't see anything else than the Bitcoin price going up. There are just 450 Bitcoin being mined every day. And just last week:
- 28,000 Bitcoin were bought from ETF inflows.
- Michael is probably going to announce from 10,000 to 25,000 new Bitcoin purchase.
This is nuts if you compare with the new supply. Demand is WAY HIGHER than the actual new inflow of coins.
What will happen if Donald Trump announces the Bitcoin Strategic Reserve in the next 100 days. I can't predict where the price would go but I can imagine +$200,000 Bitcoin very easy if all of this happens.
Meanwhile only 0,55% of the shareholders of Microsoft voted to analyze Bitcoin as a reserve asset for their company while sitting in billions of dollars in cash.
Things are getting interesting and the majority of alts have not exploded yet.
We will witness great things in the coming months, I hope I'm in the correct side of the story.
Have a great week!
Posted Using InLeo Alpha
We ARE in the correct side, for sure
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It's scary how Michael Saylor is buying up BTC everyday. Well, it's a good sign to see BTC hit another ATH, lets see how the alts reacts soon enough.